BiggerPockets Real Estate Podcast Should I Sell My 4% Interest Rate Rental Property? ($300K in Equity!)
18 snips
Dec 11, 2024 In this engaging discussion, Henry Washington, a savvy real estate investor, dives into the dilemmas of rental property management. He explores whether to sell or refinance a low-performing rental while sitting on substantial home equity. With insights on avoiding the pitfalls of 1031 exchanges and enhancing cash flow through rental strategy adjustments, like converting properties to mid-term rentals, Henry delivers valuable wisdom. Listeners will also uncover innovative ways to use home equity without refinancing, making this a must-listen for investors!
AI Snips
Chapters
Transcript
Episode notes
Dave's Property
- Dave Meyer discusses a property he owns, formerly his primary residence.
- It rents for $3450/month, cash flows $500/month, and has a low 4% interest rate.
Goal-Oriented Portfolio Management
- Real estate goals should dictate portfolio management decisions.
- Analyze portfolios quarterly to optimize returns and align with goals.
Property Management Options
- Consider four options when managing a property: keep, refinance, sell, or change strategy.
- Align your choice with your goals and financial situation.